For the week ending December 29, 30-year rates rose to 6.42% from 6.27% the week before.
Rates reversed course during the holiday week. For the week ending December 29, 30-year rates rose to 6.42% from 6.27% the week before. In addition, 15-year loans decreased slightly to 5.68%. A year ago, 30-year fixed rates averaged 3.11%, more than 3.25% lower than today. Attributed to Sam Khater, Chief Economist, Freddie Mac, “The housing market remains in the doldrums with declining sales, inventory and prices. The declines in sales and deceleration in home prices began swiftly earlier in 2022 but have moderated more recently. While the intensity of weakness is moderating, the market continues to decline and forward leading indicators suggest housing will remain weak throughout the winter.”
Note: Rates indicated do not include fees and points and are provided for evidence of trends only. They should not be used for comparison purposes
Current Indices for Adjustable Rates
Updated December 30, 2022
|
Daily Value
|
Monthly Value
|
|
December 29
|
November
|
|
6-month Treasury Security
|
4.73%
|
4.61%
|
|
1-year Treasury Security
|
4.71%
|
4.73%
|
|
3-year Treasury Security
|
4.16%
|
4.34%
|
|
5-year Treasury Security
|
3.94%
|
4.06%
|
|
10-year Treasury Security
|
3.83%
|
3.89%
|
|
12-month LIBOR
|
|
5.572% (Nov)
|
|
12-month MTA
|
|
2.428% (Nov)
|
|
SOFR
|
|
1.056% (Nov)
|
|
Prime Rate
|
|
7.00% (11/22)
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